Lesson 5 Lesson 5: Legal Institutions
Presented by: Dr. Daniel Hammond
Wake Forest University
Legal Institutions and the Production of Wealth
In this lesson you will learn about the variety of institutions that support a thriving market system. You will also learn why governments and markets can fail if public policy is not well-designed.
Lesson Five Quiz
Test Your Understanding of Lesson Five
James Gwartney, et.al
Unless restrained by constitutional rules, special-interest groups will use the democratic political process to obtain government favors at the expense of others.
Legal Institutions and the Production of Wealth, Part 3Play Now
Rule of Law - Samuel Gregg, Hernando De Soto, & Marcela Escobari [PovertyCure Episode 3] (PovertyCure)Play Now
James Gwartney et al., Common Sense Economics, pp. 109-132Read Now
Thomas Sowell, Basic Economics, pp. 392-422Read Now